Challenger Acquisitions Limited Allotment of Shares re Convertible Loan Notes (5834T)
January 06 2017 - 10:00AM
UK Regulatory
TIDMCHAL
RNS Number : 5834T
Challenger Acquisitions Limited
06 January 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
For Immediate Release
6 January 2017
Challenger Acquisitions Limited
("Challenger" or the "Company")
Allotment of Shares re Convertible Loan Notes
Challenger Acquisitions Limited (LSE: CHAL), a leader in the
Giant Observation Wheel industry announces that it has allotted
188,501 new Ordinary Shares of GBP0.01 each ("Shares") on the
conversion of GBP20,000 of the Unsecured Convertible Loan Note due
13 April 2018 ("Convertible Note 2018") and a further 792,156
Shares to the holders of convertible loan notes in payment of
interest due for quarter ended 31 December 2016, as set out in the
below table. In respect of the Convertible Loan Notes due 2019, the
Company has elected to pay seven-eighths of the interest due in the
form of new Convertible Loan Notes due 2019.
Loan Note Interest Conversion Number of New Loan
to Price Shares allotted Notes Issued
30 Sep 2016
converted
into Shares
------------- -------------- ----------- ----------------- --------------
Convertible
Notes due
2017 (as
extended
in 2016) GBP59,598.79 11.3p 528,118 Nil
------------- -------------- ----------- ----------------- --------------
Convertible
Notes due
2017 GBP6,301.37 12.1p 52,126 Nil
------------- -------------- ----------- ----------------- --------------
Convertible
Notes due
2018 GBP20,164.38 10.6p 190,050 Nil
------------- -------------- ----------- ----------------- --------------
Convertible
Notes due
2019 GBP2,642.82 12.1p 21,862 GBP18,500
------------- -------------- ----------- ----------------- --------------
Note: The calculation of the number of shares to be allotted is
performed for each individual holder and rounded to the nearest
whole share. As such, there are small rounding differences in the
table above.
Application has been made to the Financial Conduct Authority
("FCA") for 980,657 Shares to be admitted to listing on the
standard listing segment of the Official List and to the London
Stock Exchange for such shares to be admitted to trading on the
Main Market for listed securities. It is expected that Admission
will become effective, and dealings in the new ordinary shares will
commence, at 8.00 a.m. on 12 January 2017.
Following this allotment, the total number of ordinary shares
with a nominal value of GBP0.01 each (the "Ordinary Shares") in
issue and the total number of voting rights in the Company is
22,879,733. There are no shares held in treasury. The figure of
22,879,733 Ordinary Shares and voting rights may be used by
shareholders in the Company as the denominator for the calculations
by which they can determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
**ENDS**
For more information visit www.challengeracquisitions.com or
enquire to:
Challenger Acquisitions Limited
Mark Gustafson +1 604 454 8677
St Brides Partners Ltd (PR)
Lottie Brocklehurst, Charlotte +44 (0) 20 7236
Heap 1177
finnCap (Financial Adviser
and Broker)
Adrian Hargrave, James Thompson, +44 (0) 20 7220
Kate Bannatyne 0500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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